Vedanta Aluminium shares gained 3.32 per cent after Vedanta Resources denied speculation that it planned to sell its stake in the aluminium business, while brokerages maintained bullish views on the stock. Vedanta Aluminium came into focus after its parent, Vedanta Resources, dismissed reports and...
Motilal Oswal has maintained its “buy” rating on Vedanta Aluminium Metal, saying production growth, lower costs and a bigger share of value-added products could support a multi-year expansion in earnings. The brokerage has set a target price of INR 540 (USD 5.67) per share, implying potential...
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Vedanta Aluminium, India’s largest aluminium producer, has started deploying a greener fuel mix composed of biomass briquettes for renewable energy source at its world-class alumina refinery in Lanjigarh, Odisha. The company currently uses 20 tonnes of the new fuel mix per day as a significant move...
Anil Agarwal-led Vedanta Limited, an Indian multinational mining company headquartered in Mumbai, published a fresh list of its aluminium selling prices, including aluminium billet and wire rod. Compared to the prices of the previous week, April 5, Vedanta’s aluminium prices rose by INR 1,750 per...
At the Chinalco Group headquarters on March 24, Chairman Duan Xiangdong met with Jakob Stausholm, CEO of the Rio Tinto Group, and his accompanying delegation. The discussions were thorough, emphasising the enhancement of practical collaboration to attain mutually advantageous growth. India's...
On Thursday, April 4, India's diversified natural resources firm Vedanta Limited announced its Q4 FY2024 and full-year operational results, revealing both aluminium and alumina output volume. Aluminium production Vedanta said its aluminium production in Q4 FY2024, which ended March 31, stood at...
On Wednesday, April 3, Vedanta Aluminium reported that it commissioned an additional 1.5 million tonnes of annual alumina capacity at its Lanjigarh refinery in Odisha. Earlier, the refining capacity of the unit was 2 million tonnes per annum, and with the new capacity, it has increased to 3.5...
On March 31, Vedanta Aluminium hosted a one-day industrial safety training programme at its Jharsuguda operations in collaboration with the Directorate of Factories and Boilers, Government of Odisha. This training programme extended across diverse industrial zones within the state, aiming to...
In this week's recap of significant developments in the aluminium industry, several key advancements have emerged, showcasing a collective commitment towards sustainability and innovation. Constellium's Ravenswood plant in West Virginia stands poised to pioneer zero-carbon technology with a...
To commemorate World Water Day under the theme' Water for Peace', Vedanta Aluminium, India's largest aluminium producer, announced that it recycled over 15 billion litres of water across its operations in FY2023-24. This quantity of water is equivalent to 6,000 Olympic-size swimming pools. In...
The Indian multinational mining and metal company Vedanta Ltd, spearheaded by billionaire Anil Agarwal, has unveiled an ambitious investment strategy, earmarking a colossal $6 billion across diverse business sectors. This strategic initiative is poised to augment the company's annual EBITDA by a...
Vedanta Limited has revised its aluminium prices twice in only three days this week. On Tuesday, March 19, 2024, Vedanta increased its aluminium selling prices in line with the LME aluminium price growth on the two previous days, and on March 20, it cut the prices in response to the LME price...
Vedanta's proposal to split its businesses into distinct entities may encounter resistance from minority shareholders and creditors, as per a report. On September 29, 2023, the mining and metal giant unveiled intentions to separate five crucial sectors, such as aluminium, oil and gas, and steel,...
Sunil Gupta, Chief Operating Officer (COO) of Vedanta Aluminium Business, has reportedly been elected vice-chairman of the Confederation of Indian Industry (CII)'s Odisha State Council for the 2024-25 term of office. The news came after the name was announced during the CII Odisha State Annual Day...
The Aluminium Stewardship Initiative (ASI) has announced the certification of the Bharat Aluminium Company Limited (BALCO) facility in Korba, Chhattisgarh, India, against the ASI Performance Standard V3 (2022). This facility, under Vedanta Limited's Aluminium Business (Vedanta Aluminium),...
According to a report, on March 6, 2024, Vedanta Aluminium announced that it appointed Pankaj Surekha as its new chief human resource officer at Jharsuguda. Mr Surekha has prior work experience at Reliance Industries for 11 years, leading the rewards team, which takes care of compensation design...
On Friday, March 1, Vedanta Aluminium announced that it is very close to its goal of having 30 per cent female employees in the workforce. The company is hopeful of achieving this milestone by the end of FY2025, much ahead of the original timeline of 2030 set by Vedanta. CEO John Slaven said...
The Chhattisgarh government is determined to revive an aluminium park proposal, initially submitted in 2021, to support small-scale industries in Korba. About 140 hectares of land were required to develop the Park, but the plan was put on hold for the past few years. Recently, the newly-elected...
In the heart of India, where the land echoes the tales of progress, Vedanta Lanjigarh emerges as a beacon of innovation in the aluminium industry. This premier producer of metallurgical grade alumina, a gem in Vedanta Aluminium's crown, is not just shaping the future of metal production but is also...
Vedanta Aluminium has reportedly launched an e-commerce platform called Vedanta Metal Bazaar for primary aluminium product sales. The platform will facilitate buyers with a real-time shopping experience, providing AI-based price discovery, end-to-end visibility of purchases, and in-time delivery....
